Press-Release

UTI MF reposes trust in UpsideLMS and renews its contract for the On-Demand hosted version for another two years

June 2009

June 2009 - UTI Mutual Fund is one of India’s leading Fund Managers and a pioneer of the Mutual Fund industry. The oldest Mutual Fund in India, it is today among the Top 5 Mutual Funds in the country as per the assets managed by it.

In early 2008, UTI MF signed up for UpsideLMS On-Demand services to train its relationship managers engaged in offering wealth creation and management solutions to various types of investors - corporates, banks, financial institutions, HNIs, and retail.

UTI MF had turned to online learning to provide training to its sales force across the country on a cost effective basis and had engaged Upside Learning to provide a robust, reliable, and scalable platform, UpsideLMS, to deliver online training across the nation, 24x7, with a technical support they could rely upon.

The initial contract was signed for 1 year to be a live trial with approximately 1000 users.

Having used the system successfully for the first year, UTI MF renewed the license for using UpsideLMS On-Demand for another 2 years for an active user base of around 1000 every year. This renewal is proof of both the success of the first term and the continued trust placed by UTI MF in Upside Learning’s flagship product - UpsideLMS. On-Demand services worked particularly well for UTI MF because they provided a quick and easy-on-pocket way to start using a complete system loaded with many features that make the management of online learning simple and effective.

UTI MF joins other UpsideLMS customers from India and overseas who continue to place trust and confidence in both the product and the company to enable their online learning management needs. Upside Learning extends its gratitude to all its customers who have played a key role in making Upside Learning a globally renowned organization and an‘emerging leader in training outsourcing’.